3D printing specialist Essentium Inc has entered into a merger with Atlantic Coastal Acquisition Corporation.
The combined company will be called Essentium and is expected to be traded on the Nasdaq under the ticker symbol ADTV.
‘We believe that following this transaction, Essentium will be extremely well-positioned for rapid growth,’ said Tony Eisenberg, chief strategy officer of Atlantic Coastal.
Essentium makes 3D printing platforms, which it claims are up to 15 times faster when compared to incumbent extrusion additive manufacturing systems. It currently has around 280 customers with approximately US$3.4 billion in possible revenues. It also has an intellectual property (IP) portfolio of more than 150 patents.
This story uses material from Essentium; with editorial changes made by Materials Today.
